MetLife

Role Value Proposition: 

Based in Whippany, New Jersey, MetLife Investment Management (“MIM”) is one of the largest institutional investors and asset managers in the world, with approximately $600 billion in combined managed assets. MIM has been ranked a “Best Places to Work in Money Management” by Pensions & Investments for four consecutive years and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 850 dedicated professionals with experience and expertise in all asset classes, with a strength in public and private fixed income and private assets, including private equity and real estate. Visit us at www.metlife.com/investments to learn more.

The Investment Associate, Residential Credit will be responsible for assisting with the firm's investments and structuring of investments.

Key Responsibilities: 

• Triage new investment opportunities in residential credit 
• Support the underwriting process of new investment opportunities; this includes:
  • Understanding fundamental drivers of performance 
  • Run and verify cash flow models to ensure accurate pricing of investments
  • Developing and optimizing a capital structure (levering structural features typical to public securitizations) for the potential investment opportunity and allocation to Metlife managed investment funds
  • Leveraging in-house built models and applying appropriate calibrations to model performance expectations in various future credit markets
  • Comparing and contrasting performance expectations to empirical evidence drawn from private and public information 
• Assess portfolio performance relative to trade date expectations 
• Understand market participants, technical price patterns, and alternative return strategies 
• Help build relationships with sellers and clients
• Take initiative and drive tasks forward 
• Develop investment and cash flow models as needed to evaluate investment opportunities
• Assess investment opportunity variants and determine the optimal pricing protocols 
• Present recommendations on the pricing of investment opportunities to senior investment professionals 
• Price various forms of credit risk using proprietary models 
• Seek ways to scale the investment process
• Take initiative and drive tasks forward

Essential Business Experience and Technical Skills: 

Required: 

• Cash flow modeling skills 
• Understanding of fixed income and residential mortgage credit
• Organized with processing and coordinating information on deals 
• Ability to methodically solve problems and quantify solutions 
• Experience working in a result-oriented environment with multiple competing deadlines 
• Demonstrated commitment towards achieving career growth and deepening knowledge base 
• Strong skills related to data manipulation and analysis including technical abilities such as python or other similar coding skills.
• Strong communication and presentation skills that can tailor to both technical and non-technical audiences 
• Strong PC skills required, including extensive experience with spreadsheets 
• Strong analytical skills and strict attention to detail 
• Knowledge of financial concepts including but not limited to financial statements, fixed income investments, credit risk, swaps and other derivatives 

Preferred:

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.